Crude oil prices traded within a narrow range after rising moderately yesterday as investors reacted to the downward revisions of the World Bank’s economic forecasts. Earlier this week, the IEA, OPEC and EIA released their monthly oil reports with all 3 agencies anticipating demand this year will increase moderately as driven by expansion in emerging markets.
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Oil Agencies Forecast Global Demand to Increase Moderately This Year and in 2014
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